BUSINESS

Cathay Pacific Reports First Annual Profit Since 2019

Cathay Pacific's net profit of US$1.25 billion was the first since 2019
Chair Patrick Healy said that "2023 was our first profitable year since 2019" and added that the imbalance between supply and travel demand "resulted in high yields and contributed to a strong financial performance in both halves of the year".
More news
Reliance Industries chief Mukesh Ambani (L) poses with Radhika Merchant (C) and his son Anant Ambani (R) in Mumbai in 2023

Disney And India's Reliance Agree Merger: Bloomberg

The report of the deal comes as billionaire tycoon Mukesh Ambani, chairman of oil-to-telecoms giant Reliance Industries, readies to host Disney chief Robert Iger on March 1 for his son's wedding in India's western Gujarat state.
Taiwanese semiconductor giant TSMC is opening an $8.6 billion chip-making facility in Japan's southern Kumamoto region

TSMC Diversifies Out Of Hotspot Taiwan With New Japan Plant

The $8.6-billion facility in the southern Kumamoto region showcases TSMC's efforts to make some of its strategically crucial chips elsewhere than hotspot Taiwan, as well as Japan's push to revive its once-dominant semiconductor sector.

Pages